The paper evaluates the role of higher education institutions and industry academia collaboration for skill enhancement. The success of higher education system depends significantly on the quality of teachers. The rising demand for higher education on account of changing demographic profile of the country and also from the demand from industry for good quality graduates puts more pressure on teachers to produce the desired results. The primary data was collected from private and public universities in North India with the help of questionnaire. The data was analyzed through SPSS using descriptive tools and factor analysis. It was found that faculties were not satisfied with assessment methodologies and collaboration with industry for research